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No. 2525 approving execution of an addendum to the second addendum to lease between the SBRA and South Bend Centruy Center Project and establishing certain funds and accts relating to the pmt of the rentals therefor
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No. 2525 approving execution of an addendum to the second addendum to lease between the SBRA and South Bend Centruy Center Project and establishing certain funds and accts relating to the pmt of the rentals therefor
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10/18/2012 1:14:50 PM
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EJ <br />of acquisition until the first April 15 or October 15 following such date of <br />completion. Thereafter such rentals shall be payable in advance in semiannual <br />installments on April 15 and October 15 of each year in the amounts set forth at <br />Schedule I attached hereto and incorporated herein. <br />The last semiannual rental payment due before the expiration of <br />this Second Addendum to Lease shall be adjusted to provide for rental at the <br />amount specified above for the applicable semiannual period prorated from the <br />date such installment is due to the date of the expiration of this Second Addendum <br />to Lease (without taking into account any subsequent early termination of this <br />Second Addendum to Lease pursuant to Section 2 hereof). <br />The Lessee will not take any action or fail to take any action that <br />would result in the loss of the exclusion from gross income for federal tax <br />purposes of interest on the 2008 Bonds pursuant to Section 103(a) of the Internal <br />Revenue Code of 1986, as amended (the "Code "), as in effect on the date of <br />delivery of the 2008 Bonds, nor will the Lessee act in any manner which would <br />adversely affect such exclusion. The Lessee further covenants that it will not <br />make any investment or do any other act or thing during the period that any Bond <br />is outstanding hereunder which would cause any Bond to be an "arbitrage bond" <br />within the meaning of Section 148 of the Code and the regulations thereunder as <br />in effect on the date of delivery of the 2008 Bonds. All officers, members, <br />employees and agents of the Lessee are authorized and directed to provide <br />certifications of facts and estimates that are material to the reasonable <br />expectations of the Lessee as of the date the 2008 Bonds are issued and to enter <br />into covenants on behalf of the Lessee evidencing the Lessee's commitments <br />made herein. <br />3. The Second Addendum to Lease is further amended to provide that the <br />schedule attached hereto as Schedule I shall similarly be attached to the Second Addendum to <br />Lease as Schedule 1. <br />4. The parties hereto acknowledge that all remaining terms, covenants and <br />conditions as set forth in the Second Addendum to Lease shall remain in full force and effect. <br />BDDBOI 5453648v1 - 2 - <br />
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